Adam Currie Appointed to Board of Directors of First Bank and First Bancorp
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
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Source: PRnewswire
Leadership Appointment: G. Adam Currie has been appointed to the Boards of Directors of First Bank and First Bancorp, reflecting the Board's confidence in his leadership and vision for the bank's future.
Career Background: Currie, who became CEO of First Bank in February 2025, has been with the bank since 2015 and has previously held senior roles at PNC Capital Markets and RBC Bank.
Commitment to Growth: Currie emphasizes his dedication to First Bank's legacy of service and community commitment, aiming to guide the company's continued growth and success.
Company Overview: First Bancorp, headquartered in Southern Pines, North Carolina, operates First Bank with 113 branches in the Carolinas and has total assets of $12.8 billion.
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Analyst Views on FBNC
Wall Street analysts forecast FBNC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FBNC is 60.67 USD with a low forecast of 58.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 56.800
Low
58.00
Averages
60.67
High
62.00
Current: 56.800
Low
58.00
Averages
60.67
High
62.00
About FBNC
First Bancorp is a bank holding company. The principal activity of the Company is the ownership and operation of the First Bank (the Bank), a state-chartered bank with its main office in Southern Pines, North Carolina. The Bank has two wholly owned subsidiaries, Magnolia Financial, Inc. (Magnolia Financial) and First Troy SPE, LLC. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. The Bank maintains a diversified loan portfolio by providing a broad range of commercial and retail lending services to business entities and individuals. The Bank provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. The Bank offers a full range of deposit accounts and services to both retail and commercial customers. The Bank operates about 113 branches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Bancorp Board Member Retires
- Board Member Retirement: Mary Clara Capel retired immediately on January 27, 2026, concluding her service on the First Bancorp and First Bank Board since 2005, marking a significant leadership change for the company.
- Family Service History: The Capel family's service to First Bancorp spans nearly 70 years, beginning with Jesse Capel's board membership in 1959, showcasing the family's profound influence on the company.
- Extensive Business Experience: Mary Clara Capel served as Director of Administration and Marketing at Capel, Incorporated for 37 years, facilitating the company's transformation from a local rug manufacturer to a global importer and exporter, bringing invaluable executive decision-making skills.
- Company's Gratitude: First Bancorp expresses deep gratitude for the Capel family's nearly seven decades of dedication, emphasizing that their leadership has been instrumental in the company's growth and success.
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First Bancorp (FBNC) Q4 Non-GAAP EPS of $1.19 Beats Estimates by $0.15
- Earnings Beat: First Bancorp reported a Q4 Non-GAAP EPS of $1.19, exceeding market expectations by $0.15, indicating resilience in its profitability amidst challenging conditions.
- Revenue Decline: The company's revenue of $83.9 million represents a 5.6% year-over-year decline and fell short of market expectations, reflecting pressures on overall business performance.
- Market Reaction: Given the revenue miss, investors may adopt a cautious outlook on the company's future growth prospects, potentially impacting stock price performance.
- Financial Health: Despite the revenue decline, First Bancorp must focus on maintaining its financial health to ensure stable profitability in a competitive market environment.
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